Archive - Jul 2014 - Blog entry

Things are looking up...

Amazon is Exhibit A of how the Fed’s free money for Wall Street and corporate mastodons is destructive to the rest of the economy.

Let's take a look at the amount of settlements/fines from various banks and financial institutions around the world since the crisis.

One of the biggest games played by the bean counters in Washington in the US is the overstatement of GDP growth by understating inflation.

Miss Chernobyl 2014...

If NYS Superintendent of Financial Services Lawsky's proposed BitLicense was applied to the Internet in 1994, Goldman Sachs & JP Morgan would be controlling your ability to read this post right now and Google, Facebook and Twitter would not exist

Bloomberg carried out a study and it has just been published. It covers conference calls from 2004 to 2014 and it analyzes how American CEOs speak and what words they use.

The EU and global drive toward bail-ins continues unabated. Bail-ins are coming to financial institutions and banks in the EU, UK, U.S. and much of the western world - with painful consequences for unprepared investors and savers.

Passing a European Banking stress test these days is a little like farting - easy to do, mostly hot air, and yet it typically warns of something else coming down that isn't going to be pretty

"Here's a bit of a rattlesnake..."--La Bomba

Central Banks, Bank CEOs, politicians… all of these people are focused primarily on maintaining CONFIDENCE in the system, NOT on fixing the system’s problems. Indeed, they cannot even openly discuss the system’s problems because it would quickly reveal that they are a primary cause of them.

...  Alcoholism, Food Poisoning, a Financial Crash, Obesity, Dog Bites, Doctor Mistakes or “Autoerotic Asphyxiation” than by Terrorists (Getting Hit By ASTEROID = Even Odds)

This post is Fic-Dep Approved...

When it comes to the apocalypse, Krugman likes to have his apocalyptic cake and eat it too. Krugman says that the recent concern about “debts and deficits” was a “false alarm.” He attempts to paint those who were concerned about the debt crisis as scare mongers. He sarcastically says that “the debt apocalypse has been called off.”